Quote from Ndubuisi Ekekwe on August 9, 2019, 12:37 PM

Uber, the world’s biggest ride-hailing company lost $5.2 billion last quarter. Also, it reported its slowest-ever revenue growth. The stock took a hot bath.

Uber just reported its second quarterly earnings ever as a public company, and hoo boy! That’s a lot of red ink! The ride-hailing giant reported losing a whopping $5.2 billion in the last three months.

The revenue grew 14% year-on-year.